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Economic Operation of Industrial Sewing Machinery in April 2021

2021-06-11

In April, the economic operation of China's sewing machinery industry continued to show a recovery growth trend, with strong production power, high export and rising profit level. However, with the third round of blockade of the European epidemic and the repeated and intensified COVID-19 epidemic in key markets such as India and Southeast Asia, the global epidemic trend and economic situation are still complicated and severe. In addition, due to uncertain factors such as rising raw materials and exchange rate fluctuations, the growth rate of some indicators such as industry revenue and production in April has slowed down compared with the first quarter, and the process of industry recovery and development still faces pressure and challenges.


According to the data of the National Bureau of Statistics, in the first four months of 2021, the cumulative industrial added value of enterprises above designated size in China's industrial sewing machines increased by 34.3%, which was higher than the national average of 20.3% in the same period, and the industry production showed a sustained recovery trend. In the month of April, the industrial added value of enterprises increased by 30.1%. Compared with the first quarter, the growth rate of industrial production began to show signs of slowing down in the second quarter.


According to the data of the General Administration of Customs, the cumulative export value of sewing machinery products in China from January to April was US$ 960 million, a year-on-year increase of 52.63%. Among them, the export volume of industrial sewing machines was 1,502,500 sets, and the export value was 456 million US dollars, up by 49.27% and 38.56% year-on-year, which was the highest monthly export value in recent years, second only to the export data of January at the beginning of the year. picture In April, the export value of sewing machinery products in China was US$ 267 million, up 78.73% year-on-year and 17.42% quarter-on-quarter. Among them, the export volume of industrial sewing machines was 435,200 units, and the export value was US$ 133 million, which increased by 108.09% and 80.84% year on year and 24.52% and 18.19% quarter on quarter respectively.

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